Week 7
Health insurance has been a source of much debate and contention recently, due to the healthcare reform bill that was passed. Very few people actually understand the key points of the reform because of the complexity of the bill (over 2,000 pages).
Keeping that in mind, we find that many people we come in contact with barely know a few basic pieces within their own health policies... such as their deductible and co-pays for doctor visits.
Now in examination of this topic we will assume that you have health insurance. That might sound a little silly to some people reading this, but we understand that there are those out there who for whatever reason are not insured. (If you are not... Please e-mail us.)
Have you ever asked yourself the following?
Keeping that in mind, we find that many people we come in contact with barely know a few basic pieces within their own health policies... such as their deductible and co-pays for doctor visits.
Now in examination of this topic we will assume that you have health insurance. That might sound a little silly to some people reading this, but we understand that there are those out there who for whatever reason are not insured. (If you are not... Please e-mail us.)
Have you ever asked yourself the following?
Do I know my out of pocket risk?
Do I know what other services are covered with a copay prior to meeting my deductible?
Do I know how much I have to pay after the deductible is met?
Am I sufficiently covered for maternity expenses?
Am I looking for ways to save money on prescriptions?
Would a "gap" policy be a good option for my family?
Are there better options out there for the amount of premium I am paying?
Do I know what other services are covered with a copay prior to meeting my deductible?
Do I know how much I have to pay after the deductible is met?
Am I sufficiently covered for maternity expenses?
Am I looking for ways to save money on prescriptions?
Would a "gap" policy be a good option for my family?
Are there better options out there for the amount of premium I am paying?
A trusted agent can be a great resource in helping you to understand your coverage and showing any alternative options that could get you better value.
Many people are either over or under insured in this arena and a quick analysis can be an eye-opener that will provide your family with the security that you need.
Another thing to remember is that the majority of medical bankruptcies in this country are filed by people that have major medical health insurance!!!
Many people are either over or under insured in this arena and a quick analysis can be an eye-opener that will provide your family with the security that you need.
Another thing to remember is that the majority of medical bankruptcies in this country are filed by people that have major medical health insurance!!!
To Do List
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O - Print out and complete "Health insurance analysis" form and place in your Organizer in the Risk Management section
O - Consult with your health insurance advisor to make sure that you are aware of the strengths and weaknesses in your plan. If you don’t have an advisor or haven’t heard from them in some time, it is time to get one. If necessary, request a copy of your policy from your HR rep at work. Make sure that you also are sufficiently covered for disability and critical illness. Supplemental policies can also be lifesavers. We offer a free consultation for those of you that don't have an advisor or just need help making sense of your policy. E-mail us for your FREE consultation! |
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Extra Credit
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O - Insurance is used to protect you against misfortunes in life. Let's think, in WORST CASE SCENARIOS, If you were diagnosed with a critical illness like cancer, who would take care of you? How much time would you likely be without income? If you were injured or sick and unable to work, how much monthly income would you need to survive? Did you know that there are ways to fill holes that these WORST CASE SCENARIOS create? Now call or email us and we will let you in on how to fill these holes if you don't have a trusted advisor!!!! (or if he/she hasn't told you about them)
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